TD Securities downgraded shares of Cogeco Inc. (TSE:CGO) from a buy rating to a hold rating in a research report sent to investors on Friday. TD Securities currently has C$95.00 price objective on the stock.

Separately, Royal Bank Of Canada reiterated a sector perform rating on shares of Cogeco in a research note on Tuesday, July 4th.

Shares of Cogeco (CGO) opened at 83.00 on Friday. The company has a 50 day moving average of $80.56 and a 200 day moving average of $71.50. The company has a market cap of $1.37 billion and a PE ratio of 11.93. Cogeco has a 1-year low of $47.55 and a 1-year high of $84.81.

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In other Cogeco news, insider Elizabeth Alves sold 474 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of C$75.80, for a total value of C$35,929.20.

Cogeco Company Profile

Cogeco Inc is a holding company, which operates in the communications and media sectors. The Company operates through two segments: Communications and Other. The Communications segment, through the Company’s subsidiary, Cogeco Communications Inc (Cogeco Communications), provides its residential and business customers with video, Internet and telephony services through its two-way broadband fiber networks.

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